Whenever we think about Income tax return filing, the first thing come into our mind is Form 16 or TDS certificate.
If you are an employee of a Company/Partnership firm/Properietership etc. then you will get form 16 from your employer for confirmation of deducted TAX. Form 16 is a certificate against tax deducted at source on salary under section 203 of Income tax Act read with the rule 31(1)(a). It is mandatory to issue to the person whose tax has been deducted by the employer or deductor. The details available in form 16 is very crucial during filing income tax return. Avoiding or set aside these details during filing income tax return may resulted into Demand. So it is suggested to kindly ask updated form 16 from employer or Deductor for filing the correct income tax return. It is always better to seek guidance or help from the expert, tax consultant or professional to avoid demand.
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